Answer:
Option b: It increased the purchasing power of rich Americans.
Explanation:
Revenue Act of 1926-Act gave tax breaks to the wealthy in an attempt to encourage the "trickle down effect." As it has Lowered the top income tax rate even further from the 1924 bill
The Revenue Act of 1926 was set up for the good of the American people and it has help in the process of increasing he purchasing power of rich Americans and it has reduced inheritance and personal income taxes drastically,ended public access to federal income tax returns and eliminate gift tax..
True, because people tend to hang on the careers more than jobs. For example, if I were to work as a doctor, I might switch to being a pediatrician or a nurse. My career would still be health.
The parents are the usual and appropriate surrogate decision makers for a newborn. The child was the product of their love so they should be the one to decide for the child. It could be inferred that they would be deciding for the betterment of the child because it is assumed that the parents love the child. Therefore, parents are the appropriate surrogate decision maker for a newborn except if proven otherwise.
The two major types of transactions that affect the international flow of money are trade in goods and services and capital flows.
Answer: Option D
<u>Explanation:
</u>
Out of all data on international economic transaction in the US, capital flow indicators are most prone to misleads and gaps. It is the exchange in financial assets between US and foreign residents.
Over the past ten years, capital flows have even exceeded trade flows. Information on this is largely needed to study the degree of US economy's internationalisation as below,
- Changing financial markets process in America
- Impact of foreign direct investments on the internal economy
- Foreign investment income in the US and net foreign debt service tax in the US
- The relationship between foreign capital flows and US interest and exchange rate.
Since net capital flows must be consistent with the balance of transactions and transfers (check account) for international goods and services, better information on cash flows would help explain the accuracy of US check account data.
